KAPSARC – Navigating Global Sustainability Reporting and Taxonomies: Insights for Saudi Arabia

The main theme of the document is the practice of sustainability reporting and ESG (Environmental, Social, and Governance) and their significance for companies in the context of managing climate risks, social development, and effective governance.

Key findings include the challenges companies face in global reporting practices, such as the lack of centralized capacity-building hubs, incentives, or classification systems, as well as issues with carbon management technologies and disclosure standards. The document explores recent changes in disclosure frameworks and taxonomies, their impact on Saudi Arabia, and opportunities to improve the ESG and sustainability reporting landscape in the country.